Promoting Electric Mobility: Government Offers Tax Exemptions and Benefits for Electric Cars
The budget 2024 introduces various tax incentives, deductions and benefits for electric car buyers, considering the huge demand for tax deductions on...
Provisions of S.40(a)(ia) not Applicable for Non-Deduction of TDS in Salary prior to AY 2015-2016: ITAT Deletes Disallowance [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance holding that the provisions of Section 40(a)(ai) of the Income Tax Act 1961 was not applicable for non-deduction...
![Provisions of S.40(a)(ia) not Applicable for Non-Deduction of TDS in Salary prior to AY 2015-2016: ITAT Deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Applicable-Non-Deduction-TDS-Salary-ITAT-Disallowance-TAXSCAN.jpg "Provisions of S.40(a)(ia) not Applicable for Non-Deduction of TDS in Salary prior to AY 2015-2016: ITAT Deletes Disallowance [Read Order]")
Online Gaming Industry Bodies oppose proposed changes in Tax Deduction and GST, seeks reconsideration from CBDT and PMO
Three online gaming industry bodies, the E-Gaming Federation (EGF), All India Gaming Federation (AIGF), and Federation of Indian Fantasy Sports (FIFS), have reached out to the Central Board of Direct...
Circuit breakers/Switchgears is eligible for Drawback at rate of 4% and 3.6%: Bombay HC directs re-adjudication [Read Order]
In a writ petition filed against the Revisionary Authority, the Division Bench of the Bombay High Court (HC) Justice Nitin Jamdar and Justice Gauri Godse made the determination that the petitioner's...
![Circuit breakers/Switchgears is eligible for Drawback at rate of 4% and 3.6%: Bombay HC directs re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Circuit-breakers-Switchgears-Drawback-Bombay-High-Court-re-adjudication-Taxscan.jpg "Circuit breakers/Switchgears is eligible for Drawback at rate of 4% and 3.6%: Bombay HC directs re-adjudication [Read Order]")
![Income Tax Dept issues FAQ on Challan Status Inquiry for TAN Users [Read FAQs]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Dept-FAQ-Challan-Status-Inquiry-TAN-taxscan.jpg "Income Tax Dept issues FAQ on Challan Status Inquiry for TAN Users [Read FAQs]")
Income Tax on Virtual Digital Assets: CBDT issues Guidelines on 1% TDS from 1st July [Read Circular]
In a move to levy one percent TDS on the virtual digital assets under section 194S of the Income Tax Act, 1961, the Central Board of Direct Taxes (CBDT) has issued guidelines applicable with effect...
![Income Tax on Virtual Digital Assets: CBDT issues Guidelines on 1% TDS from 1st July [Read Circular]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-Virtual-Digital-Assets-CBDT-Guidelines-TDS-Taxscan.jpg "Income Tax on Virtual Digital Assets: CBDT issues Guidelines on 1% TDS from 1st July [Read Circular]")